Loan Repayment Schedule

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish

Girish,

Please share the loan product account details.

image.png

image.png

···

Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

| Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

image.png

image.png

···

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

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Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


Mifos-users mailing list

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Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

image.png

image.png

image.png

···

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


Mifos-users mailing list

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hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

image.png

image.png

image.png

···

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

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Girish,

what is the minimum days between disbursal and repayment period?

image.png

image.png

image.png

image.png

···

On Wed, Sep 18, 2019 at 11:09 AM Girish Kumar henagirish@gmail.com wrote:

hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

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its set to 0 … the day the loan is disbursed the interest is applied. ie from day 1 , there is no int free periods

image.png

image.png

image.png

image.png

···

On Wed, Sep 18, 2019 at 1:57 PM jubha mayala basstone40@gmail.com wrote:

Girish,

what is the minimum days between disbursal and repayment period?

On Wed, Sep 18, 2019 at 11:09 AM Girish Kumar henagirish@gmail.com wrote:

hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users

Try setting it to 1 and see what happening

image.png

image.png

image.png

image.png

···

On Wed, Sep 18, 2019 at 11:40 AM Girish Kumar henagirish@gmail.com wrote:

its set to 0 … the day the loan is disbursed the interest is applied. ie from day 1 , there is no int free periods

On Wed, Sep 18, 2019 at 1:57 PM jubha mayala basstone40@gmail.com wrote:

Girish,

what is the minimum days between disbursal and repayment period?

On Wed, Sep 18, 2019 at 11:09 AM Girish Kumar henagirish@gmail.com wrote:

hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

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Mifos-users mailing list

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ok let me see that
thanks

image.png

image.png

image.png

image.png

···

On Wed, Sep 18, 2019 at 2:13 PM jubha mayala basstone40@gmail.com wrote:

Try setting it to 1 and see what happening

On Wed, Sep 18, 2019 at 11:40 AM Girish Kumar henagirish@gmail.com wrote:

its set to 0 … the day the loan is disbursed the interest is applied. ie from day 1 , there is no int free periods

On Wed, Sep 18, 2019 at 1:57 PM jubha mayala basstone40@gmail.com wrote:

Girish,

what is the minimum days between disbursal and repayment period?

On Wed, Sep 18, 2019 at 11:09 AM Girish Kumar henagirish@gmail.com wrote:

hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

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Mifos-users mailing list

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Mifos-users mailing list

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:disappointed: nope

image.png

image.png

image.png

image.png

image.png

···

On Wed, Sep 18, 2019 at 2:18 PM Girish Kumar henagirish@gmail.com wrote:

ok let me see that
thanks

On Wed, Sep 18, 2019 at 2:13 PM jubha mayala basstone40@gmail.com wrote:

Try setting it to 1 and see what happening

On Wed, Sep 18, 2019 at 11:40 AM Girish Kumar henagirish@gmail.com wrote:

its set to 0 … the day the loan is disbursed the interest is applied. ie from day 1 , there is no int free periods

On Wed, Sep 18, 2019 at 1:57 PM jubha mayala basstone40@gmail.com wrote:

Girish,

what is the minimum days between disbursal and repayment period?

On Wed, Sep 18, 2019 at 11:09 AM Girish Kumar henagirish@gmail.com wrote:

hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


Mifos-users mailing list

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https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

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Mifos-users mailing list

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Girish, i dont want to make so much noise in here, look, try setting your config instead of actual put 360 days of the year and 30 days of the month. and see what comes

image.png

image.png

image.png

image.png

image.png

···

On Wed, Sep 18, 2019 at 11:52 AM Girish Kumar henagirish@gmail.com wrote:

:disappointed: nope

image.png

On Wed, Sep 18, 2019 at 2:18 PM Girish Kumar henagirish@gmail.com wrote:

ok let me see that
thanks

On Wed, Sep 18, 2019 at 2:13 PM jubha mayala basstone40@gmail.com wrote:

Try setting it to 1 and see what happening

On Wed, Sep 18, 2019 at 11:40 AM Girish Kumar henagirish@gmail.com wrote:

its set to 0 … the day the loan is disbursed the interest is applied. ie from day 1 , there is no int free periods

On Wed, Sep 18, 2019 at 1:57 PM jubha mayala basstone40@gmail.com wrote:

Girish,

what is the minimum days between disbursal and repayment period?

On Wed, Sep 18, 2019 at 11:09 AM Girish Kumar henagirish@gmail.com wrote:

hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

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otherwise lets connect in skype i can assist you, my skype id is: basstone5

image.png

image.png

image.png

image.png

image.png

···

On Wed, Sep 18, 2019 at 11:52 AM Girish Kumar henagirish@gmail.com wrote:

:disappointed: nope

image.png

On Wed, Sep 18, 2019 at 2:18 PM Girish Kumar henagirish@gmail.com wrote:

ok let me see that
thanks

On Wed, Sep 18, 2019 at 2:13 PM jubha mayala basstone40@gmail.com wrote:

Try setting it to 1 and see what happening

On Wed, Sep 18, 2019 at 11:40 AM Girish Kumar henagirish@gmail.com wrote:

its set to 0 … the day the loan is disbursed the interest is applied. ie from day 1 , there is no int free periods

On Wed, Sep 18, 2019 at 1:57 PM jubha mayala basstone40@gmail.com wrote:

Girish,

what is the minimum days between disbursal and repayment period?

On Wed, Sep 18, 2019 at 11:09 AM Girish Kumar henagirish@gmail.com wrote:

hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


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QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


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Hi Girish,

The Repay Every sets the interval -> start (inclusive) - dueDate (exlusive) of the covered period per installment.

So for your example, the loan is disbursed at August 01, 2019 - with repay every 30 days means that the covered period for first installment is actually August 01 to August 30 (30 days) and will be due on August 31 (dueDate - exclusive). In fact, the database will have something below:

1st Installment:

FromDate: August 01

DueDate: August 31

2nd Installment:

FromDate: August 31

DueDate: September 30

AND SO ON…

As you can see the dueDate is actually the first day of the next installment period thus the output based on your configuration is correct. On the other hand, the days in years and days in months are being used for the computation of the Principal-Interest payment. Feel free to give us a sample repayment schedule you want to achieve (similar with Fineract table) and we would be happy to assist. Cheers!

Regards,

Jun King P. Miñon

Consultant Software Engineer

Core Banking Solutions

:disappointed: nope

image.png

ok let me see that
thanks

Try setting it to 1 and see what happening

its set to 0 … the day the loan is disbursed the interest is applied. ie from day 1 , there is no int free periods

Girish,

what is the minimum days between disbursal and repayment period?

hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

Girish,

Please share the loan product account details.

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


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PEARLPAY INC.

2nd Floor, 22 The Jupiter Center, Jupiter Street, Makati, 1209 Metro Manila, Philippines

https://www.pearlpay.com

https://www.linkedin.com/company/pearlpay

https://www.facebook.com/PearlPayOFFICIAL

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. WARNING: Computer viruses can be transmitted via email. The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message, which arise as a result of e-mail transmission. Our company accepts no liability for the content of this email, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. Any views or opinions presented in this email are solely those of the author and do not necessarily represent those of the company. Employees of the company are expressly required not to make defamatory statements and not to infringe or authorize any infringement of copyright or any other legal right by email communications. Any such communication is contrary to company policy and outside the scope of the employment of the individual concerned. The company will not accept any liability in respect of such communication, and the employee responsible will be personally liable for any damages or other liability arising.

···

On Wed, Sep 18, 2019 at 4:51 PM Girish Kumar henagirish@gmail.com wrote:

On Wed, Sep 18, 2019 at 2:18 PM Girish Kumar henagirish@gmail.com wrote:

On Wed, Sep 18, 2019 at 2:13 PM jubha mayala basstone40@gmail.com wrote:

On Wed, Sep 18, 2019 at 11:40 AM Girish Kumar henagirish@gmail.com wrote:

On Wed, Sep 18, 2019 at 1:57 PM jubha mayala basstone40@gmail.com wrote:

On Wed, Sep 18, 2019 at 11:09 AM Girish Kumar henagirish@gmail.com wrote:

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

In individual collection sheet, tried to change the amount, but saved collection sheet shows original default amount not entered value. How to rectify
Rajan

image.png

image.png

image.png

image.png

image.png

···

On Wed, 18 Sep, 2019, 2:22 PM Girish Kumar, henagirish@gmail.com wrote:

:disappointed: nope

image.png

On Wed, Sep 18, 2019 at 2:18 PM Girish Kumar henagirish@gmail.com wrote:

ok let me see that
thanks

On Wed, Sep 18, 2019 at 2:13 PM jubha mayala basstone40@gmail.com wrote:

Try setting it to 1 and see what happening

On Wed, Sep 18, 2019 at 11:40 AM Girish Kumar henagirish@gmail.com wrote:

its set to 0 … the day the loan is disbursed the interest is applied. ie from day 1 , there is no int free periods

On Wed, Sep 18, 2019 at 1:57 PM jubha mayala basstone40@gmail.com wrote:

Girish,

what is the minimum days between disbursal and repayment period?

On Wed, Sep 18, 2019 at 11:09 AM Girish Kumar henagirish@gmail.com wrote:

hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


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Hello Girish

You can specify the start date for repayment, in loan application there is a a field “First Repayment on” to fill the date.

You can fill 30th August and your first repayment will be of that date.

Best Regards

:disappointed: nope

image.png

ok let me see that
thanks

Try setting it to 1 and see what happening

its set to 0 … the day the loan is disbursed the interest is applied. ie from day 1 , there is no int free periods

Girish,

what is the minimum days between disbursal and repayment period?

hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

Girish,

Please share the loan product account details.

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list
Mifos-users@lists.sourceforge.net
https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


Mifos-users mailing list
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Mexina Daniel

Singo Africa Limited

Mbezi Beach “B” | Mwai Kibaki Road | 6 Wasafi Str.
P.O BOX 78908 | 14121 Dar es salaam

+255 71 211 0791 | +255 22 261 8511

amala.co.tz | singo.africa

amala logo.jpg Singo Logo.png

···

On September 18, 2019 at 2:20 PM Girish Kumar henagirish@gmail.com wrote:
On Wed, Sep 18, 2019 at 2:18 PM Girish Kumar henagirish@gmail.com wrote:

On Wed, Sep 18, 2019 at 2:13 PM jubha mayala basstone40@gmail.com wrote:

On Wed, Sep 18, 2019 at 11:40 AM Girish Kumar henagirish@gmail.com wrote:

On Wed, Sep 18, 2019 at 1:57 PM jubha mayala basstone40@gmail.com wrote:

On Wed, Sep 18, 2019 at 11:09 AM Girish Kumar henagirish@gmail.com wrote:

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Perfect … Makes a lot of sense … Thanks … sorry for the long mails :slight_smile: . The case in my scenario is to attract the clients/customers what we do is something like this

image.png

image.png

image.png

image.png

image.png

···

On Wed, Sep 18, 2019 at 2:40 PM Jun King Miñon jun@pearlpay.io wrote:

Hi Girish,

The Repay Every sets the interval -> start (inclusive) - dueDate (exlusive) of the covered period per installment.

So for your example, the loan is disbursed at August 01, 2019 - with repay every 30 days means that the covered period for first installment is actually August 01 to August 30 (30 days) and will be due on August 31 (dueDate - exclusive). In fact, the database will have something below:

1st Installment:

FromDate: August 01

DueDate: August 31

2nd Installment:

FromDate: August 31

DueDate: September 30

AND SO ON…

As you can see the dueDate is actually the first day of the next installment period thus the output based on your configuration is correct. On the other hand, the days in years and days in months are being used for the computation of the Principal-Interest payment. Feel free to give us a sample repayment schedule you want to achieve (similar with Fineract table) and we would be happy to assist. Cheers!

Regards,

Jun King P. Miñon

Consultant Software Engineer

Core Banking Solutions

On Wed, Sep 18, 2019 at 4:51 PM Girish Kumar henagirish@gmail.com wrote:

:disappointed: nope

image.png

On Wed, Sep 18, 2019 at 2:18 PM Girish Kumar henagirish@gmail.com wrote:

ok let me see that
thanks

On Wed, Sep 18, 2019 at 2:13 PM jubha mayala basstone40@gmail.com wrote:

Try setting it to 1 and see what happening

On Wed, Sep 18, 2019 at 11:40 AM Girish Kumar henagirish@gmail.com wrote:

its set to 0 … the day the loan is disbursed the interest is applied. ie from day 1 , there is no int free periods

On Wed, Sep 18, 2019 at 1:57 PM jubha mayala basstone40@gmail.com wrote:

Girish,

what is the minimum days between disbursal and repayment period?

On Wed, Sep 18, 2019 at 11:09 AM Girish Kumar henagirish@gmail.com wrote:

hi Jubha

Date is set as actual

See the image

image.png

Regards

Girish

On Wed, Sep 18, 2019 at 1:33 PM jubha mayala basstone40@gmail.com wrote:

Hallo Girish, you have set the days in a month as actual, which means the system will calculate your repayments according to the days in that month. if you want to limit it to 30 days in a month you need to specify it. Here August has 31 days!

On Wed, Sep 18, 2019 at 10:55 AM Girish Kumar henagirish@gmail.com wrote:

Hi Santosh
thanks for the reply

Here is the screencap of the loan product

image.png

On Wed, Sep 18, 2019 at 1:20 PM Santosh Math santosh@confluxtechnologies.com wrote:

Girish,

Please share the loan product account details.

On Wed, Sep 18, 2019 at 1:15 PM Girish Kumar henagirish@gmail.com wrote:

Hi all

I created a loan product, parameters are

Loan term 270 Days , 30 Days Repayment period, a total of 9 repayments

In the config, the setting is set to start the interest from the date of disbursement

So a loan disbursed on Aug 01, 2019 the next payment date should be 30th August.

But the system is showing next payment date is Aug 31

How can I set the exact date of Payment to 30th August

image.png

Actual should be

image.png

Regards

Girish


Mifos-users mailing list

Mifos-users@lists.sourceforge.net

https://lists.sourceforge.net/lists/listinfo/mifos-users


Thanks & Regards

Santosh Math

QA Engineer

Conflux Technologies Pvt Ltd

Office: +91-080-41208662 |

Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA


Mifos-users mailing list

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PEARLPAY INC.

2nd Floor, 22 The Jupiter Center, Jupiter Street, Makati, 1209 Metro Manila, Philippines

https://www.pearlpay.com

https://www.linkedin.com/company/pearlpay

https://www.facebook.com/PearlPayOFFICIAL

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. WARNING: Computer viruses can be transmitted via email. The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message, which arise as a result of e-mail transmission. Our company accepts no liability for the content of this email, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. Any views or opinions presented in this email are solely those of the author and do not necessarily represent those of the company. Employees of the company are expressly required not to make defamatory statements and not to infringe or authorize any infringement of copyright or any other legal right by email communications. Any such communication is contrary to company policy and outside the scope of the employment of the individual concerned. The company will not accept any liability in respect of such communication, and the employee responsible will be personally liable for any damages or other liability arising.


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I would like to enquire if there is any rebate on tax on an educational loan. I have taken one for my higher studies and parallelly doing a job. I think it will be better to get some professional advice from tax advisor. So can anyone provide me the contact of tax advisor in dubai so that I can put my queries in front of him and clarify my queries.